Raise the Hammer

Comment 29734

By Taxes (anonymous) | Posted March 25, 2009 at 19:19:26

Location to Toronto is not the only determining factor of property values. It makes no sense to simply look at tax rates. Because the tax rate is multiplied by the assessed value of the property. In order to do a proper comparison you need to compare the assessed value of the same type of building, multiplied by the tax rate to determine the property taxes paid in each municipality. Taxes paid within a municipality vary as well. Look at the taxes a 2000 square foot home in Ancaster would pay compared to the exact same house on the exact same sized lot in the old City of Hamilton. I've done it and it is amazing how much more an Ancaster homeowner would pay for arguable less services.

A Smith, you need to compare apples to apples and look at the whole picture not just a portion of it.